Rush Enterprises, Inc. (NASDAQ:RUSHA) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) have been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $35.67.
A number of equities analysts recently commented on RUSHA shares. Zacks Investment Research raised shares of Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a research note on Tuesday, June 27th. Seaport Global Securities began coverage on shares of Rush Enterprises in a research report on Thursday, April 6th. They issued a “buy” rating and a $42.00 price objective for the company. BMO Capital Markets reissued a “hold” rating and issued a $30.00 price objective on shares of Rush Enterprises in a research report on Thursday, April 20th. TheStreet raised shares of Rush Enterprises from a “c+” rating to a “b-” rating in a research report on Tuesday, April 25th. Finally, Stifel Nicolaus boosted their price objective on shares of Rush Enterprises from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, April 26th.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its position in Rush Enterprises by 153.1% in the first quarter. Ameritas Investment Partners Inc. now owns 3,796 shares of the company’s stock valued at $125,000 after buying an additional 2,296 shares during the period. Envestnet Asset Management Inc. raised its position in Rush Enterprises by 2.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,527 shares of the company’s stock valued at $177,000 after buying an additional 115 shares during the period. Tudor Investment Corp Et Al purchased a new position in Rush Enterprises during the fourth quarter valued at approximately $265,000. Nine Chapters Capital Management LLC purchased a new position in Rush Enterprises during the first quarter valued at approximately $281,000. Finally, Koch Industries Inc. purchased a new position in Rush Enterprises during the first quarter valued at approximately $294,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.
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Rush Enterprises (NASDAQ RUSHA) traded down 0.03% on Monday, hitting $37.69. The stock had a trading volume of 151,880 shares. Rush Enterprises has a 52-week low of $21.35 and a 52-week high of $39.21. The stock’s 50-day moving average is $36.40 and its 200-day moving average is $34.41. The company has a market cap of $1.49 billion, a P/E ratio of 28.93 and a beta of 1.16.
About Rush Enterprises
Rush Enterprises, Inc is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.
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